Standard 5:Create and Build Wealth – Students will develop skills to make and maintain long-term goals related to saving and investing in order to build financial security and wealth.
Grades 3-5
Grades 6-8
Grades 9-12
5.5.ACompare appropriate financial services and products to specified goals. 5.5.A.1Determine saving goals. 5.5.A.2Describe saving options.
5.8.AAlign appropriate financial services and products to specified goals. 5.8.A.1 Determine the most effective savings option based on a specified goal. 5.8.A.2 Differentiate between various saving options, such as certificates of deposits, stocks, mutual funds, and bonds, and compare their current returns. 5.8.A.3Determine the cost of various interest rates and fees of financial products.
5.12.ACritique appropriate financial services and products to specified goals. 5.12.A.1 Develop a model comparing savings and investment results. 5.12.A.2 Demonstrate the use of financial services and products to achieve personal financial goals. 5.12.A.3 Compare, contrast, and compute interest rates and fees of various financial products. 5.12.A.4Differentiate between various investment products. 5.12.A.5Select appropriate financial services and products based on evaluation of service and product information.
5.5.BExplain strategies for creating wealth and building assets. 5.5.B.1Differentiate between banked versus unbanked. 5.5.B.2Describe ways that financial institutions protect consumers’ money. 5.5.B.3Describe the concept of “time value” of money. 5.5.B.4Differentiate between “working for money” versus “money working for you”.
5.8.BApply strategies for creating wealth and building assets. 5.8.B.1Distinguish between financial practices of the banked and unbanked. 5.8.B.2Explain how financial institutions protect consumers’ money. 5.8.B.3Apply the “Rule of 72” to a financial decision. 5.8.B.4Apply the principle of “pay me first” to realistic scenarios. 5.8.B.5 Distinguish between income and wealth.
5.12.BEvaluate strategies for creating wealth and building assets. 5.12.B.1Explain the effects of being banked versus unbanked. 5.12.B.2Describe federal deposit insurance programs for banks and credit unions. 5.12.B.3Analyze the effect of “compounding” earned interest. 5.12.B.4Explain the concept of asset allocation based on short- and long term goals. 5.12.B.5Assess factors that influence financial planning (age, income, liabilities, assets, goals, family size, risk tolerance, etc.). 5.12.B.6Explain the relationship among buying power, interest rates, and inflation.
5.5.C Explain the relationships between saving and investing. 5.5.C.1 Describe steps involved in saving. 5.5.C.2Describe steps involved in investing. 5.5.C.3Compare saving and investing.
(Panning, Saving and Investing D.2)
5.8.C Describe the relationships between saving and investing. 5.8.C.1Differentiate between income and investment growth. 5.8.C.2Describe reasons for saving and reasons for investing. 5.8.C.3Identify sources of investment products, such as banks, investment companies, financial planners. 5.8.C.4Calculate short- and long-term returns of stocks and bonds.
5.12.CExplain the relationships between saving and investing. 5.12.C.1Describe the role of revenue-generating assets in building wealth. 5.12.C.2Describe the processes and vehicles for buying and selling investments. 5.12.C.3Compare sources for investment products, such as banks, investment companies, financial planners, etc. 5.12.C.4 Compare the risk, return, and liquidity of various investment alternatives.
5.5.DApply the concepts of supply and demand to acquiring goods and services. 5.5.D.1Describe the concepts of supply and demand. 5.5.D.2Describe how supply and demand affect price. (Planning, Saving and Investing D.3)
5.8.DAnalyze how supply and demand affect stock market price changes. 5.8.D.1Explain the concept of supply and demand. 5.8.D.2Explain the economic principle of supply and demand as it relates to the stock market.
5.12.DAnalyze the concepts of supply and demand to stock market price changes. 5.12.D.1 Explain how supply and demand works in various situations. 5.12.D.2 Determine the impact of various events on stock market prices.
5.8.EApply the decision-making processes to financial decisions related to planning, saving, and investing. 5.8.E.1Examine how spending plans are used to realize financial goals. 5.8.E.2Examine how saving strategies differ between a spending plan and an investment plan.
5.12.EApply the decision-making processes to financial decisions related to planning, saving, and investing. 5.12.E.1Develop and justify the best investment and/or savings options to achieve particular goals. 5.12.E.2Develop personal financial planning strategies that respond to and use tax deductions and shelters
Standard 5: Create and Build Wealth – Students will develop skills to make and maintain long-term goals related to saving and investing in order to build financial security and wealth.
5.5.A.1 Determine saving goals.
5.5.A.2 Describe saving options.
5.8.A.1 Determine the most effective savings option based on a specified goal.
5.8.A.2 Differentiate between various saving options, such as certificates of deposits, stocks, mutual funds, and bonds, and compare their current returns.
5.8.A.3 Determine the cost of various interest rates and fees of financial products.
5.12.A.1 Develop a model comparing savings and investment results.
5.12.A.2 Demonstrate the use of financial services and products to achieve personal financial goals.
5.12.A.3 Compare, contrast, and compute interest rates and fees of various financial products.
5.12.A.4 Differentiate between various investment products.
5.12.A.5 Select appropriate financial services and products based on evaluation of service and product information.
5.5.B.1 Differentiate between banked versus unbanked.
5.5.B.2 Describe ways that financial institutions protect consumers’ money.
5.5.B.3 Describe the concept of “time value” of money.
5.5.B.4 Differentiate between “working for money” versus “money working for you”.
5.8.B.1 Distinguish between financial practices of the banked and unbanked.
5.8.B.2 Explain how financial institutions protect consumers’ money.
5.8.B.3 Apply the “Rule of 72” to a financial decision.
5.8.B.4 Apply the principle of “pay me first” to realistic scenarios.
5.8.B.5 Distinguish between income and wealth.
5.12.B.1 Explain the effects of being banked versus unbanked.
5.12.B.2 Describe federal deposit insurance programs for banks and credit unions.
5.12.B.3 Analyze the effect of “compounding” earned interest.
5.12.B.4 Explain the concept of asset allocation based on short- and long term goals.
5.12.B.5 Assess factors that influence financial planning (age, income, liabilities, assets, goals, family size, risk tolerance, etc.).
5.12.B.6 Explain the relationship among buying power, interest rates, and inflation.
5.5.C.1 Describe steps involved in saving.
5.5.C.2 Describe steps involved in investing.
5.5.C.3 Compare saving and investing.
(Panning, Saving and Investing D.2)
5.8.C.1 Differentiate between income and investment growth.
5.8.C.2 Describe reasons for saving and reasons for investing.
5.8.C.3 Identify sources of investment products, such as banks, investment companies, financial planners.
5.8.C.4 Calculate short- and long-term returns of stocks and bonds.
5.12.C.1 Describe the role of revenue-generating assets in building wealth.
5.12.C.2 Describe the processes and vehicles for buying and selling investments.
5.12.C.3 Compare sources for investment products, such as banks, investment companies, financial planners, etc.
5.12.C.4 Compare the risk, return, and liquidity of various investment alternatives.
5.5.D.1 Describe the concepts of supply and demand.
5.5.D.2 Describe how supply and demand affect price.
(Planning, Saving and Investing D.3)
5.8.D.1 Explain the concept of supply and demand.
5.8.D.2 Explain the economic principle of supply and demand as it relates to the stock market.
5.12.D.1 Explain how supply and demand works in various situations.
5.12.D.2 Determine the impact of various events on stock market prices.
5.8.E.1 Examine how spending plans are used to realize financial goals.
5.8.E.2 Examine how saving strategies differ between a spending plan and an investment plan.
5.12.E.1 Develop and justify the best investment and/or savings options to achieve particular goals.
5.12.E.2 Develop personal financial planning strategies that respond to and use tax deductions and shelters